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Haddad said the proceeds of EU Google fines are a new revenue source worth €4.6 billion that should lower member state contributions. The EU fined Google €890 million in July, bringing total EU penalties to €10.38 billion over nearly two decades.
The European Union should use the proceeds of the billions of euros in fines imposed on Google NASDAQ:GOOG to reduce the contribution of member states to the EU budget, France's Europe Minister Benjamin Haddad said on Tuesday.